Jargon Buster: Double Accident Benefit

[Rahul]

What is Double Accident Benefit?

1. Double accident benefit in a life insurance policy provides for the payment of an additional amount equal to the sum assured in case of the death of a policyholder owing to an accident.
2. Proposer can opt for double accident benefit by paying an additional premium payment of only Re1 a year against an assured sum of Rs1,000 (this can vary with different insurers).
3. Furthermore, the death of the insured must follow within a specified period of injury, which is typically 90-180 days. Usually, the compensation is subject to an upper limit stated in the policy.

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[Matrix]

Good Info - Rahul. My suggestions is instead of making multiple thread. Make one sticky thread and provide links of all your thread in it. So that it will be easy for readers.

Keep it up.